Uruguay

• Thursday, October 27th 2022 - 10:14 UTC

  Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

  

  On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.

• Thursday, October 27th 2022 - 10:10 UTC

  Colombia, Mexico, Trinidad Tobago, Uruguay teams, winners of IDB Development Initiative

  

  The Inter-American Development Bank (IDB) announced the four winners of the fifth Superheroes of Development contest, which rewards creative and innovative solutions used in development projects financed by the IDB, IDB Invest and IDB Lab (IDB Group) in Latin America and the Caribbean.

• Thursday, October 27th 2022 - 09:38 UTC

  Uruguayan customs to up smuggling controls

  

  Uruguayan Customs is to seize any package over 5 kilos to protect traders in border towns, who suffer the consequences of the depreciation of the Argentine peso which makes shopping across the border more convenient, it was announced.

• Wednesday, October 26th 2022 - 09:21 UTC

  Lacalle off to Japan to boost Uruguay's foreign trade

  

  Uruguayan President Luis Lacalle Pou is off on an official mission to Japan to boost bilateral trade, it was reported Tuesday in Montevideo. In the meantime, Vice President Beatriz Argimón will be in charge of the Executive until Oct. 31.

• Tuesday, October 25th 2022 - 18:45 UTC

  Trust in Uruguayan President falls amid bodyguard scandal

  

  Popular mistrust of Uruguay's President Luis Lacalle Pou has been reported to be on the rise after his bodyguard Alejandro Astesiano's involvement in the issuance of Uruguayan passports to Russian nationals for a fee became known.

• Monday, October 24th 2022 - 19:14 UTC

  Josep Borrell meets with Uruguayan President in Montevideo

  

  Uruguayan President Luis Lacalle Pou, who holds the pro-tempore presidency of Mercosur, Monday welcomed European Union (EU) High Representative Josep Borrell in Montevideo to discuss the future of the agreement between the two trade blocs.

• Saturday, October 22nd 2022 - 10:00 UTC

  Japanese rating agency ups Uruguay's grading

  

  Japanese risk rating agency R&I raised Uruguay's status from BBB to BBB+, the best grading the South American country has ever received, it was announced Friday.

• Friday, October 21st 2022 - 09:28 UTC

  Emergency declared in Uruguay due to poor rainfalls

  

  Uruguay's Minister of Livestock, Agriculture and Fisheries, Fernando Mattos Thursday announced the Government had declared a national emergency due to poor rainfalls.

• Thursday, October 20th 2022 - 10:25 UTC

  Uruguay expects record cruise calls this coming 2022/2023 season

  

  The head of the Brazilian chapter of CLIA, Cruise Lines International Association, Marco Ferraz announced a record call of cruise vessels this coming season, the highest in ten years, both in Uruguay and Argentina. CLIA is considered the largest commercial association of the cruise industry with a membership of 55 companies.

• Wednesday, October 19th 2022 - 10:45 UTC

  Lacalle Pou: Argentina's protectionist measures detrimental to Uruguay

  

  Uruguayan President Luis Lacalle Pou criticized Argentina's recent economic measures saying they “do not go with the spirit of Mercosur.”